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Administration and liquidation

Jules Pemberton, Sanjeev Gupta The Nightly

ContractingPremiumNRW promised $70m before Government seized Whyalla

A major creditor of the collapsed Whyalla steelworks has argued it would have been paid $70 million by Sanjeev Gutpa’s GFG Alliance had the South Australian Government not “intervened”.

Simone Grogan

The steelworks In Whyalla in South Australia.

ManufacturingCommentsGupta’s Whyalla steelworks losing $1.5m a day

Sanjeev Gupta’s collapsed steelworks at Whyalla lost $319 million in the seven months before the South Australian government sent it into administration last week.

NRW Holdings chief executive Jules Pemberton.

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ContractingCommentsPremium
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NRW shares tank on Whyalla woes

Shares in NRW Holdings have been hammered in early trade after the civil and mining contractor delivered its half-year accounts after the market closed on Friday.

The 118-year-old PGA sensationally fell into administration in January.

Administration and liquidationCommentsPremiumRescue deal for farm lobby as police urged to investigate

The 118-year-old PGA sensationally fell into administration in January amid revelations of ‘financial misconduct’.

Matt Mckenzie

General view of the Steels works In Whyalla, South Australia.

Administration and liquidationCommentsGupta set to claim $500m from Whyalla steel wreck

Sanjeev Gupta says his GFG Alliance is owed $500m from the collapsed Whyalla steelworks, while more than 200 creditors are set to to claim cash.

Matt Mckenzie

Some 56 workers at the factory have been made redundant, with another 95 job losses expected over the coming weeks as Oceania’s float line and production facility is wound down. 

ManufacturingCommentsAustralian glass maker to close after failed sale

Oceania Glass was put into the hands of insolvency experts from Grant Thornton three weeks ago after private equity Crescent Capital gave up on trying to turn around the Melbourne-based business.

Sean Smith

NRW has won a contract for infrastructure work at at East Pilbara minesite.

ContractingCommentsPremiumWA contractor caught in Whyalla collapse owed $113m

NRW has been left short $113 million for work completed at the now-collapsed Whyalla Steelworks operations, with no firm guarantee as to how much cash it can claw back from the wreckage.

Simone Grogan

Coburn mineral sands project.

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MiningCommentsPremium
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Taxpayer money at risk as mineral sands miner collapses

Almost $150 million of Federal Government funds are tied up with a local mineral sands miner that is now insolvent.

Adrian Rauso & Matt Mckenzie

Construction company Trisquare was linked to some major Perth developments.

Administration and liquidationPremiumCompany linked to high profile Perth projects hits trouble

A construction company that claims to have done work on QT Perth, Raine Square and the Old Treasury Buildings has been sent to administration.

Matt Mckenzie

NRW Holdings has put its shares into a trading halt in the wake of the collapse of Indian tycoon Sanjeev Gupta’s, pictured, Whyalla steelworks.

MiningCommentsPremiumNRW delays financial results after steelworks collapse

Having put its shares into a trading halt on news the steelworks had gone into administration, the group late on Wednesday said it had postponed the release of its results due on Thursday.

Sean Smith

The home and business headquarters of fugitive Perth conman Ricky Hirsch was sold at auction for just over $3 million on Saturday.

CrimePremiumPerth conman’s mansion sold for $3m as victims spiral

The home and business headquarters of fugitive Perth conman Ricky Hirsch was sold at auction for just over $3 million on Saturday.

John Flint

The Wiluna gold mine in the Murchison region.

MiningCommentsPremiumWiluna strikes gold after uncovering old data

A fallen gold producer says it has discovered more than 800,000 ounces of the precious metal after doing a deep dive into old databases.

Adrian Rauso

Oceania Glass customers have included Parliament House in Canberra.

Administration and liquidationCommentsOceania Glass goes bust after battling imports

Insolvency experts from accounting firm Grant Thornton were put into the Melbourne-based business on Tuesday and are keeping it open while they evaluate prospects for a sale.

Sean Smith

The 118-year-old body was sent into turmoil in late January amid a financial scandal, and fell into administration last week. 

Administration and liquidationPremiumTop PGA figures pledge cash for embattled lobby group

The volunteer leadership team in charge of the Pastoralists and Graziers Association has pumped in cash to keep the lobby group afloat through an administration likely to take up to eight weeks.

Matt Mckenzie

The Pastoralists and Graziers Association of WA suspended its operations last week.

Administration and liquidationPremiumFarm lobby group in administration amid financial scandal

Administrators have been appointed to the Pastoralists and Graziers Association as the fallout from a financial scandal widens.

Matt Mckenzie

Cynthia and Yusuf Khan were linked to Modco Residential Daniel Wilkins

The West Australian exclusive
The West Australian exclusive
Administration and liquidationPremium
The West Australian exclusive
Shocking revelation after Perth builder Modco’s collapse

New estimates by liquidators Hall Chadwick have revealed fresh details about the company’s debt.

Matt Mckenzie

Rex has been fighting for commercial survival after it called in administrators last July.

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AviationComments
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Embattled Rex gets $50m bailout to keep flying

The Federal Government has thrown Rex Airlines another lifeline after taking on the troubled carrier’s $50 million debt from PAG Asia Capital.

Neale Prior and Cheyanne Enciso

More than 130 Rivers stores will close.

Administration and liquidationCommentsRivers stores to close after failed sale process

More than 130 Rivers clothing stores will close across the country after a buyer could not be found for the collapsed business.

Matt Mckenzie

Former Perth Glory owner Tony Sage.

Administration and liquidationCommentsPremiumBattle over Sage Glory deals to kick off

The battle over an ill-fated investment into Perth Glory is headed back to court with a local businessman chasing Tony Sage for close to $1 million.

Matt Mckenzie

Adam Blumenthal

Administration and liquidationPremiumWA cannabis directors given a blunt rebuke

Administrators believe directors could have breached their duties to the WA cannabis startup formerly known as Creso Pharma, which is facing liquidation owing creditors nearly $22 million.

Sean Smith

ChemX CEO Peter Lee and Trade Minister Don Farrell at the pilot plant in O’Connor in October.

Administration and liquidationCommentsPremiumPerth battery material junior hits the wall

A local manufacturer has gone under just three years after listing on the ASX, and administrators will soon launch a campaign to sell the business.

Matt Mckenzie

Natasha Marshall Donnelly and Andrew Donnelly.

The West Australian exclusive
The West Australian exclusive
WA newsPremium
The West Australian exclusive
Former Eagle faces more legal strife as court actions rise

More businesses owned by ex-West Coast Eagle Andrew Donnelly and his wife are in strife, after Consumer Protection last year accused their Factory Direct firm of never delivering work despite $340k in deposits.

John Flint

Paul Bitdorf and Ronnie Michel-Elhaj have made a bid to take back Nicheliving.

Administration and liquidationPremiumNiche is still living: Creditors approve deal

A shock bid by the former bosses of failed home builder Nicheliving to buy back the company has been approved by creditors.

Matt Mckenzie & Jessica Page

Cynthia and Yusuf Khan were linked to Modco Residential Daniel Wilkins

Administration and liquidationCommentsPremiumCollapsed Modco to face building board grilling

Regulators are launching disciplinary action against failed builder Modco Residential as they rev up pursuit of the business more than a year after it collapsed.

Matt Mckenzie